January 28, 2005

Dollar makes room for euro

Story link: Dollar makes room for euro

The Financial Times reported today that the euro was becoming the preferred choice of currency by the reserves managers at central banks.
This comes in the face of a weak dollar, which despite earlier rallies, continues to lose value on the world currency markets. There are real concerns of incurring losses when converting investment in the […]

January 21, 2005

Currencies in Asia grow strong, lose trend.

Story link: Currencies in Asia grow strong, lose trend.

Currencies in Japan, South Korea, Thailand, and Taiwan all reached record highs against the US dollar this week.
Hoever, earlier hopes of currency stablisation measures being agreed at the coming G7 summit slightly weakened the Asian currencies by the end of the week.
Hopes that China would be successfully pressured to revaluation of the renminbi were […]

January 14, 2005

Yen has strong week trading

Story link: Yen has strong week trading

The Yen has enjoyed a strong week of trading, rising over 2% against the USD and GBP, and almost as much against the euro.
Net purchases by foreign investors into Japanese bonds and equities, coupled with net selling of foreign bonds and equities by Japanese investors, helped stregthen the currency in the markets after the […]

January 13, 2005

Euro steady on interest rates

Story link: Euro steady on interest rates

The European Central Bank ( ECB ) kept rates level at 2%, for the nineteenth month in a row.
However, with the euro still hovering around record highs against the US dollar, and at a time of slow Eurozone growth, there is little expectation of ECB rate increases anytime soon.

Bank of England: interest rates remain steady

Story link: Bank of England: interest rates remain steady

The Bank of England left the interest on borrowing at 4.75%, after poor retail sales over Christmas and a possible reverse in the housing market suggested a general slowdown of the UK economy.
A string of reports from the finance sector in December, not least the Council of Mortgage Lenders (CML), British Bankers Association (BBA) and […]

Japan changes growth to measure

Story link: Japan changes growth to measure

As the Japanese government recalculates how GDP is calculated, the Bank of Japan (BoJ) has been forced to consider downgrading economic growth forecasts for 2005.
Attempting to account more effectively for deflation, using a method known as chain linking, the Japanese government’s re-calculations of GDP required a revision in expected growth for 2005 from 3.2% to […]

January 7, 2005

Great British Pound: stronger and stronger?

Story link: Great British Pound: stronger and stronger?

The UK’s GBP continued a strong year upon the back of a strong economy, while countries such as Germany struggled with recession, and the US devalued the dollar to try and cope with their trade deficit.
Low interest rates mean that UK manufacturing is enjoying being able to purchase raw materials relatively cheaply from abroad, without […]

January 6, 2005

Euro’s strong year

Story link: Euro’s strong year

The euro, a currency that has always been keen to be seen to be a strong investment, got more than it wished for with a year that saw record highs against the US dollar towards the end of the year.
While the Whitehouse was happy to see their currency devalued to tackle the deficit and employment […]

January 5, 2005

US Dollar in 2004: highs and lows

Story link: US Dollar in 2004: highs and lows

The US Dollar experienced a strong devaluation towards the end of 2004, as a re-elected George W Bush to the Whitehouse made no pledges to stregthen the US Dollar in international markets. Jon Snow also emphasised that a devalued US dollar helped tackle the US trade deficit. The market response has been a general reluctance […]


Daily World Currencies News from London		Friday 12th of March 2010
Major Currencies: GBP USD Euro Yen Other Currencies: Australian Dollar Canadian Dollar Czech Koruna Egyptian Pound Forint Israeli Shekel Krona Krone New Zealand Dollar Peso Rand Real Renminbi Rouble Rupee Singapore Dollar Slovak Koruna Swiss franc Turkish Lira Won Zloty	January 28, 2005 Dollar makes room for euro Story link: Dollar makes room for euro The Financial Times reported today that the euro was becoming the preferred choice of currency by the reserves managers at central banks. This comes in the face of a weak dollar, which despite earlier rallies, continues to lose value on the world currency markets. There are real concerns of incurring losses when converting investment in the […] January 21, 2005 Currencies in Asia grow strong, lose trend. Story link: Currencies in Asia grow strong, lose trend. Currencies in Japan, South Korea, Thailand, and Taiwan all reached record highs against the US dollar this week. Hoever, earlier hopes of currency stablisation measures being agreed at the coming G7 summit slightly weakened the Asian currencies by the end of the week. Hopes that China would be successfully pressured to revaluation of the renminbi were […] January 14, 2005 Yen has strong week trading Story link: Yen has strong week trading The Yen has enjoyed a strong week of trading, rising over 2% against the USD and GBP, and almost as much against the euro. Net purchases by foreign investors into Japanese bonds and equities, coupled with net selling of foreign bonds and equities by Japanese investors, helped stregthen the currency in the markets after the […] January 13, 2005 Euro steady on interest rates Story link: Euro steady on interest rates The European Central Bank ( ECB ) kept rates level at 2%, for the nineteenth month in a row. However, with the euro still hovering around record highs against the US dollar, and at a time of slow Eurozone growth, there is little expectation of ECB rate increases anytime soon. Bank of England: interest rates remain steady Story link: Bank of England: interest rates remain steady The Bank of England left the interest on borrowing at 4.75%, after poor retail sales over Christmas and a possible reverse in the housing market suggested a general slowdown of the UK economy. A string of reports from the finance sector in December, not least the Council of Mortgage Lenders (CML), British Bankers Association (BBA) and […] Japan changes growth to measure Story link: Japan changes growth to measure As the Japanese government recalculates how GDP is calculated, the Bank of Japan (BoJ) has been forced to consider downgrading economic growth forecasts for 2005. Attempting to account more effectively for deflation, using a method known as chain linking, the Japanese government’s re-calculations of GDP required a revision in expected growth for 2005 from 3.2% to […] January 7, 2005 Great British Pound: stronger and stronger? Story link: Great British Pound: stronger and stronger? The UK’s GBP continued a strong year upon the back of a strong economy, while countries such as Germany struggled with recession, and the US devalued the dollar to try and cope with their trade deficit. Low interest rates mean that UK manufacturing is enjoying being able to purchase raw materials relatively cheaply from abroad, without […] January 6, 2005 Euro’s strong year Story link: Euro’s strong year The euro, a currency that has always been keen to be seen to be a strong investment, got more than it wished for with a year that saw record highs against the US dollar towards the end of the year. While the Whitehouse was happy to see their currency devalued to tackle the deficit and employment […] January 5, 2005 US Dollar in 2004: highs and lows Story link: US Dollar in 2004: highs and lows The US Dollar experienced a strong devaluation towards the end of 2004, as a re-elected George W Bush to the Whitehouse made no pledges to stregthen the US Dollar in international markets. Jon Snow also emphasised that a devalued US dollar helped tackle the US trade deficit. The market response has been a general reluctance […]
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